Question

Which of the following invoves productions of good and services by using non optimal combination of input

Answer 1

Answer:

Factors of Production

Land is the natural resource that an enterprise uses to produce goods and services to generate a profit. Land is not just restricted to the physical property or real estate. It includes any natural resources the land produces, such as crude oil, coal, water, gold or natural gas. The resources are natural materials that are included in the production of goods and services.